ASB Securities rates and fees
Online brokerage rates
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Brokerage rate amount by transaction value
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New Zealand trades (excluding fixed interest trades)
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$15 (up to and including NZ$1,000)
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$30 (over NZ$1,000 and up to and including NZ$10,000)
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0.30% (over NZ$10,000)
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Australian trades
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$15 (up to and including AU$1,000)
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$30 (over AU$1,000 and up to and including AU$10,000)
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0.30% (over AU$10,000)
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Note: For customers who receive printed contract notes, the additional $2 charge per trade applies.
Phone brokerage rates
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Brokerage rate amount by transaction value
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|---|---|
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New Zealand trades (excluding fixed interest trades)
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0.70%
minimum NZ$45 per trade |
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New Zealand one-off sale trades
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1%
Sell trades only - minimum of NZ$90.00 brokerage per trade |
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Australian trades
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0.70%
minimum AU$45 per trade |
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United States trades
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0.60%
minimum of US$50 per trade plus agency fee of 0.4% with a minimum of US$40 per trade (Orders up to and including US$50,000) |
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United Kingdom trades
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0.60%
minimum of £50.00 per trade plus agency fee of 0.4% with a minimum of £40.00 per trade (Orders up to and including £50,000)1 |
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Canadian trades
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0.60%
minimum of CAD$40.00 per trade plus agency fee of 0.4% with a minimum of CAD$30.00 per trade |
1Note: Stamp duty may apply on UK and other international trades and will be charged in addition to brokerage rates where applicable. UK Government stamp duty is generally 0.50% of the trade value and applies to purchase orders only.
Management fees for exchange traded funds
The management fee is charged by the ETF’s fund manager, not ASB Securities. The fee can vary from ETF to ETF so please see the ETF's product disclosure statement for details.
Fixed interest brokerage rates
Brokerage fee
Based on the capital value of the transaction, with a minimum of NZ$35.00 per trade. (If you hold your bonds until maturity, fees will only be charged when you buy.)
Reduced brokerage rates are offered on transactions with a capital value of NZ$50,000.00 or more – please call us on 0800 272 732 between the hours of 7am - 6pm, Monday to Friday or email asbsecinfo@asb.co.nz for more details.
New issues and IPOs
Brokerage fee
Brokerage may be charged on allocations. We will advise you of any brokerage fees (if applicable) at the time you request more information on each individual offer.
ASB Securities may receive a fee from the issuer for the allocation we receive.
ASB Cash Management Account
Interest rates
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Credit balances
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Interest rate
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$0 - $49,999.99 |
0.00%
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$50,000+ |
1.00%
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Account fees
There are no account fees for the ASB Cash Management Account, but standard service charges and foreign exchange fees may apply.
Unarranged overdraft fee
A monthly fee for an overdraft exceeding $20.00 where there is no arranged limit in place.
Unarranged overdraft interest rate
Unarranged overdrafts will be charged a penalty interest rate for every day the account is overdrawn.
Monthly base fee
Withdrawals/deposits in NZD
For International Money Transfers to or from other overseas accounts, our agent banks may deduct transfer charges.
Funds transfer
to a nominated account.
ATM withdrawal
This service is not available on the ASB Cash Management Account.
EFTPOS transaction
This service is not available on the ASB Cash Management Account.
ASB Foreign Currency Account for share trading
Interest rates
ASB Foreign Currency Accounts for share trading may be eligible to accrue interest – please call us on 0800 272 732 for more information.
Account fees
There are no account fees for the ASB Foreign Currency Account for share trading, but standard service charges and foreign exchange fees may apply.
Monthly base fee
Funds transfer to another ASB account
ATM withdrawal
This service is not available on the ASB Foreign Currency Account.
EFTPOS transaction
This service is not available on the ASB Foreign Currency Account.
ASB Margin Lending
Margin lending interest rate
Interest is calculated on a daily basis, in relation to the amount borrowed under the facility and is charged to your ASB Cash Management Account on the last day of each month. The interest rate is a floating rate and subject to change at any time. For credit balances, relevant ASB Cash Management Account rates apply.
Stock transfer fee
To add or release shares and approved securities where there is no change in underlying beneficial ownership to and from your portfolio held as security for your margin loan. Release will depend on whether there are sufficient holdings remaining in your portfolio to fully secure your margin loan.
*A stock transfer fee where there is a change in underlying beneficial ownership may vary. We will advise you of any additional fees at the time of your request.
Margin call fee
If your loan balance exceeds your facility limit by 5% or more.
Nominee fee
Fees for the nominees service (ASB Nominees Limited) are charged six months in arrears, directly to your ASB Cash Management Account.
If you are a margin lending customer, the nominee fee will be waived if the interest accrued is greater than $400.00 in the preceding six month period.
Termination fee
This fee covers the cost of transferring your share investments out of the nominee. The total depends on the number and complexity of your holdings, but we can let you know the cost beforehand.
ASB Margin Lending is provided by ASB Bank Limited ("ASB") and managed by ASB Securities Limited. ASB's terms and credit criteria apply. ASB's disclosure statement is available from any ASB branch.
ASB term deposits
Nominee service
Nominee fee
Fees for the nominees service (ASB Nominees Limited) are charged six months in arrears, directly to your ASB Cash Management Account.
If you are a margin lending customer, the nominee fee will be waived if the interest accrued is greater than $400.00 in the preceding six month period.
Stock transfer fee
Applies to individual securities transferred in or out of ASB Nominees Limited for margin lending customers.
Transfer of foreign securities in or out of custody incurs additional fees. Other custodial service fees that are imposed by our agent relating to foreign securities may apply. We will advise you of any additional fees at the time of your request.
BPAY
BPAY payment fee
Does not apply for payments made in relation to assets held in nominee (ASB Nominees Limited).
Next steps
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Call us
Contact the ASB Securities team from 7am to 6pm NZT, Monday to Friday.
ASB Securities Limited is an NZX firm. When you trade on the NZX markets through ASB Securities you must comply with NZX rules as outlined in the ASB Securities Trading Conduct for Online Share trading. ASB Securities terms and conditions apply. Pricing data supplied by ASX and/or NZX. ASB Cash Management Account, ASB Foreign Currency Account, ASB Margin Lending and ASB Term Deposits are provided by ASB Bank Limited. ASB term's apply. Rates and fees may change. Refer to asb.co.nz for other fees and charges. This page does not have regard to the financial situation or needs of any reader. As individual circumstances differ, you should seek appropriate professional advice. See the ASB Securities glossary for share trading and investment terms or Morningstar for research terms.